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Rating Action:

Moody's places on review for downgrade $2.6 Billion of Prime Jumbo and Alt-A RMBS issued from 2003 to 2008

12 Feb 2015

New York, February 12, 2015 -- Moody's Investors Service has placed the ratings of 280 tranches from 27 transactions backed by Prime Jumbo and Alt-A RMBS loans on review for downgrade.

Complete rating actions are as follows:

Issuer: GMACM Mortgage Loan Trust 2003-AR1

Cl. A-4, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2014 Downgraded to Baa3 (sf)

Cl. A-5, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2014 Downgraded to Ba1 (sf)

Cl. A-6, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2014 Downgraded to Ba3 (sf)

Cl. M-1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Feb 15, 2013 Downgraded to Caa1 (sf)

Cl. M-2, Ca (sf) Placed Under Review for Possible Downgrade; previously on Feb 15, 2013 Downgraded to Ca (sf)

Issuer: GMACM Mortgage Loan Trust 2004-J5

Cl. A-5, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2013 Downgraded to Baa1 (sf)

Cl. A-6, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2013 Downgraded to Baa1 (sf)

Cl. A-7, Baa2 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2013 Downgraded to Baa2 (sf)

Cl. IO, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 25, 2012 Confirmed at Ba3 (sf)

Cl. PO, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 27, 2013 Downgraded to Baa1 (sf)

Issuer: GMACM Mortgage Loan Trust 2005-AR1

Cl. 1-A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa2 (sf)

Cl. 1-A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa2 (sf)

Cl. 1-A-3, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa3 (sf)

Cl. 2-A, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa2 (sf)

Cl. 3-A, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa2 (sf)

Cl. 4-A, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jul 20, 2011 Confirmed at B2 (sf)

Cl. 5-A, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jul 20, 2011 Confirmed at B2 (sf)

Issuer: GMACM Mortgage Loan Trust 2006-AR1

Cl. 1-A-1, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa3 (sf)

Cl. 2-A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa2 (sf)

Cl. 3-A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2010 Downgraded to Caa2 (sf)

Issuer: GSR Mortgage Loan Trust 2005-3F

Cl. 1A-3, B3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed B3 (sf)

Cl. 2A-2, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Upgraded to Ba1 (sf)

Cl. 2A-3, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Caa1 (sf)

Cl. 2A-4, B2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed B2 (sf)

Cl. 2A-5, Ca (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ca (sf)

Cl. A-P, B3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed B3 (sf)

Cl. A-X, B2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 23, 2013 Downgraded to B2 (sf)

Issuer: GSR Mortgage Loan Trust 2005-4F

Cl. 1A-1, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 15, 2011 Downgraded to Ba3 (sf)

Cl. 2A-1, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jul 15, 2011 Downgraded to B2 (sf)

Cl. 3A-1, B1 (sf) Placed Under Review for Possible Downgrade; previously on Jul 15, 2011 Downgraded to B1 (sf)

Cl. 4A-3, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Dec 23, 2013 Upgraded to Ba3 (sf)

Cl. 4A-4, B3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 15, 2011 Downgraded to B3 (sf)

Cl. 5A-1, B3 (sf) Placed Under Review for Possible Downgrade; previously on Dec 23, 2013 Downgraded to B3 (sf)

Cl. 5A-2, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 15, 2011 Downgraded to Caa3 (sf)

Cl. 6A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 23, 2013 Downgraded to Caa2 (sf)

Cl. A-X, B1 (sf) Placed Under Review for Possible Downgrade; previously on Feb 22, 2012 Downgraded to B1 (sf)

Issuer: GSR Mortgage Loan Trust 2005-5F

Cl. 1A-1, Baa2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Upgraded to Baa2 (sf)

Cl. 1A-2, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba2 (sf)

Cl. 2A-2, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 2A-8, Baa2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Upgraded to Baa2 (sf)

Cl. 2A-19, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 28, 2014 Upgraded to Baa3 (sf)

Cl. 3A-1, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa1 (sf)

Cl. 3A-6, Baa2 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Upgraded to Baa2 (sf)

Cl. 3A-7, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba2 (sf)

Cl. 4A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 28, 2014 Upgraded to Baa3 (sf)

Cl. 4A-2, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 28, 2014 Upgraded to Baa3 (sf)

Cl. 4A-3, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 28, 2014 Upgraded to Baa3 (sf)

Cl. 4A-4, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba3 (sf)

Cl. 4A-5, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 28, 2014 Upgraded to Baa3 (sf)

Cl. 4A-6, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba3 (sf)

Cl. 4A-7, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Upgraded to Baa1 (sf)

Cl. 4A-8, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 28, 2014 Upgraded to Baa3 (sf)

Cl. 5A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 6A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 7A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 7A-2, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 8A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 8A-2, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Baa1 (sf)

Cl. 8A-3, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 8A-4, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Baa3 (sf)

Cl. 8A-5, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Baa1 (sf)

Cl. 8A-6, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Baa1 (sf)

Cl. 8A-7, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Baa1 (sf)

Cl. 8A-8, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Baa1 (sf)

Cl. 8A-9, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba1 (sf)

Cl. 8A-10, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba2 (sf)

Cl. A-X, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 13, 2013 Affirmed Ba3 (sf)

Issuer: GSR Mortgage Loan Trust 2005-7F

Cl. 1A-3, B1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to B1 (sf)

Cl. 2A-5, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba3 (sf)

Cl. 2A-6, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba2 (sf)

Cl. 2A-7, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to B2 (sf)

Cl. 3A-1, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba3 (sf)

Cl. 3A-2, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba2 (sf)

Cl. 3A-3, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba3 (sf)

Cl. 3A-4, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba2 (sf)

Cl. 3A-5, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba3 (sf)

Cl. 3A-6, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to B2 (sf)

Cl. 3A-9, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba3 (sf)

Cl. 3A-10, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to Ba3 (sf)

Cl. 3A-11, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to B2 (sf)

Cl. 3A-12, B2 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Upgraded to B2 (sf)

Cl. 4A-1, B1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to B1 (sf)

Cl. 4A-2, B1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to B1 (sf)

Issuer: GSR Mortgage Loan Trust 2005-AR3

Cl. 1A1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Upgraded to Baa3 (sf)

Cl. 1B1, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa3 (sf)

Cl. 1B2, Ca (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Ca (sf)

Cl. 2A1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Upgraded to Baa3 (sf)

Cl. 3A1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A2, Ca (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Ca (sf)

Cl. 4A1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 5A1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 6A1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 6A2, Ca (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Ca (sf)

Cl. 7A1, B2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to B2 (sf)

Cl. 8A1, B3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2014 Downgraded to B3 (sf)

Cl. 8A2, Ca (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Ca (sf)

Cl. X, B2 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Upgraded to B2 (sf)

Issuer: GSR Mortgage Loan Trust 2006-6F

Cl. 1A-1, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Oct 27, 2014 Downgraded to Caa3 (sf)

Cl. 2A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 2A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Oct 27, 2014 Downgraded to Caa2 (sf)

Cl. 3A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A-5, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 4A-1, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa3 (sf)

Cl. 4A-2, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa3 (sf)

Cl. A-X, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Oct 27, 2014 Downgraded to Caa2 (sf)

Issuer: GSR Mortgage Loan Trust 2007-1F

Cl. A-X, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Oct 27, 2014 Downgraded to Caa1 (sf)

Cl. 1A-1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Jan 10, 2013 Downgraded to Caa1 (sf)

Cl. 2A-1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa1 (sf)

Cl. 2A-2, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa1 (sf)

Cl. 2A-3, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-4, B3 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to B3 (sf)

Cl. 2A-6, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa1 (sf)

Cl. 2A-8, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-9, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-10, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa1 (sf)

Cl. 3A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-6, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-7, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-8, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-9, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-10, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-11, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-12, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-13, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 3A-14, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-15, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 3A-16, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 4, 2013 Downgraded to Caa2 (sf)

Cl. 4A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 4A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Issuer: GSR Mortgage Loan Trust 2007-3F

Cl. 1A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Downgraded to Caa2 (sf)

Cl. 1A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Caa2 (sf)

Cl. 1A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa2 (sf)

Cl. 1A-4, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Downgraded to Caa1 (sf)

Cl. 2A-2, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Downgraded to Caa1 (sf)

Cl. 2A-3, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Downgraded to Caa1 (sf)

Cl. 2A-4, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-5, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-6, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 27, 2010 Downgraded to Caa1 (sf)

Cl. 2A-7, B3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to B3 (sf)

Cl. 2A-9, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Downgraded to Caa1 (sf)

Cl. 3A-1, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2014 Downgraded to Caa3 (sf)

Cl. 3A-2, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2014 Downgraded to Caa3 (sf)

Cl. 3A-3, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Caa3 (sf)

Cl. 3A-4, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Caa3 (sf)

Cl. 3A-5, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Caa3 (sf)

Cl. 3A-6, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Caa3 (sf)

Cl. 3A-7, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Caa2 (sf)

Cl. 4A-1, Ca (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Ca (sf)

Cl. 4A-2, Ca (sf) Placed Under Review for Possible Downgrade; previously on Jul 31, 2013 Downgraded to Ca (sf)

Cl. A-X, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Aug 3, 2012 Downgraded to Caa1 (sf)

Issuer: IndyMac INDA Mortgage Loan Trust 2007-AR9

Cl. A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Oct 12, 2010 Confirmed at Caa2 (sf)

Issuer: PHH Mortgage Trust, Series 2008-CIM2

Cl. 1-A-1, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Ba1 (sf)

Cl. 2-A-1, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Ba1 (sf)

Cl. 3-A-1, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Ba1 (sf)

Cl. 4-A-1, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Ba1 (sf)

Cl. 4-A-X, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2012 Upgraded to Ba3 (sf)

Cl. 5-A-1, Ba1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Ba1 (sf)

Cl. 5-A-X, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Feb 22, 2012 Downgraded to Ba3 (sf)

Cl. A-PO, B1 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to B1 (sf)

Cl. A-X, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Sep 12, 2013 Downgraded to Ba2 (sf)

Issuer: RALI Series 2005-QA5 Trust

Cl. A-I, B2 (sf) Placed Under Review for Possible Downgrade; previously on Aug 8, 2014 Upgraded to B2 (sf)

Cl. A-II, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on May 14, 2010 Downgraded to Caa3 (sf)

Issuer: RALI Series 2006-QO1 Trust

Cl. 1-A-1, Ca (sf) Placed Under Review for Possible Downgrade; previously on Dec 1, 2010 Downgraded to Ca (sf)

Cl. 2-A-1, Ca (sf) Placed Under Review for Possible Downgrade; previously on Dec 1, 2010 Downgraded to Ca (sf)

Cl. 3-A-1, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Dec 1, 2010 Downgraded to Caa3 (sf)

Issuer: RALI Series 2007-QH8 Trust

Cl. A, Ca (sf) Placed Under Review for Possible Downgrade; previously on Dec 14, 2010 Downgraded to Ca (sf)

Cl. X, Ca (sf) Placed Under Review for Possible Downgrade; previously on Dec 14, 2010 Downgraded to Ca (sf)

Issuer: RAMP Series 2005-SL1 Trust

Cl. A-I, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Downgraded to Caa1 (sf)

Cl. A-II, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Downgraded to Caa1 (sf)

Cl. A-III, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Affirmed Caa1 (sf)

Cl. A-IV, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Affirmed Caa1 (sf)

Cl. A-V, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Affirmed Caa1 (sf)

Cl. A-VI, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Affirmed Caa1 (sf)

Cl. A-VII, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Affirmed Caa2 (sf)

Cl. A-IO, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on May 20, 2014 Downgraded to Caa1 (sf)

Issuer: RFMSI Series 2005-SA2 Trust

Cl. I-A, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 10, 2010 Downgraded to Caa2 (sf)

Cl. II-A-1, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Sep 29, 2014 Upgraded to Ba3 (sf)

Cl. II-A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 10, 2010 Downgraded to Caa2 (sf)

Cl. III-A-2, B3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 19, 2011 Confirmed at B3 (sf)

Cl. III-A-3, B3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 19, 2011 Confirmed at B3 (sf)

Cl. IV-A, B3 (sf) Placed Under Review for Possible Downgrade; previously on Jul 19, 2011 Confirmed at B3 (sf)

Cl. V-A, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Dec 10, 2010 Downgraded to Caa1 (sf)

Cl. VI-A-1, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Dec 10, 2010 Downgraded to Caa1 (sf)

Issuer: RFMSI Series 2006-S1 Trust

Cl. A-P, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-V, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 18, 2013 Downgraded to Caa2 (sf)

Cl. I-A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. I-A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. I-A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Dec 18, 2013 Downgraded to Caa2 (sf)

Cl. I-A-5, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. I-A-6, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. I-A-8, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. I-A-9, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. II-A, Caa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa3 (sf)

Issuer: RFMSI Series 2006-S5 Trust

Cl. A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-5, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-6, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-9, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-10, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-12, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-13, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-14, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-15, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-16, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-18, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-P, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-V, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Issuer: RFMSI Series 2006-S6 Trust

Cl. A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-9, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-10, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-12, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-13, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-14, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-15, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-P, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-V, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Issuer: RFMSI Series 2006-S7 Trust

Cl. A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-6, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-7, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-8, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-9, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-P, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-V, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Issuer: RFMSI Series 2006-S8 Trust

Cl. A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-2, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-6, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-7, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-10, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-11, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-12, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-13, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-14, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-15, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-16, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-P, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-V, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Issuer: RFMSI Series 2006-S9 Trust

Cl. A-1, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-3, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Cl. A-4, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-8, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-9, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-10, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-11, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-12, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-P, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Affirmed Caa2 (sf)

Cl. A-V, Caa2 (sf) Placed Under Review for Possible Downgrade; previously on Apr 2, 2013 Downgraded to Caa2 (sf)

Issuer: GSAA Trust 2004-CW1

Cl. IA-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2012 Downgraded to Baa3 (sf)

Cl. IIA-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2012 Downgraded to Baa3 (sf)

Cl. IIA-3, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2012 Downgraded to Baa3 (sf)

Cl. A-P, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2012 Downgraded to Baa3 (sf)

Cl. A-X, Caa1 (sf) Placed Under Review for Possible Downgrade; previously on Jun 18, 2012 Downgraded to Caa1 (sf)

Issuer: GSR Mortgage Loan Trust 2004-15F

Cl. 1A-2, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba2 (sf)

Cl. 1A-3, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba2 (sf)

Cl. 1A-4, B1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Confirmed at B1 (sf)

Cl. 2A-1, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba2 (sf)

Cl. 2A-2, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba2 (sf)

Cl. 2A-3, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba2 (sf)

Cl. 3A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2011 Downgraded to Baa3 (sf)

Cl. 3A-2, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2011 Downgraded to Baa3 (sf)

Cl. 4A-1, Baa3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Confirmed at Baa3 (sf)

Cl. 5-A1, Ba2 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba2 (sf)

Cl. 6A-1, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2011 Downgraded to Baa1 (sf)

Cl. 7A-2, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Confirmed at Baa1 (sf)

Cl. 7A-1, Baa1 (sf) Placed Under Review for Possible Downgrade; previously on Apr 21, 2011 Downgraded to Baa1 (sf)

Cl. A-P, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba3 (sf)

Cl. A-X, Ba3 (sf) Placed Under Review for Possible Downgrade; previously on Mar 21, 2012 Downgraded to Ba3 (sf)

RATINGS RATIONALE

The review actions reflect the discovery of an error in the cash flow models previously used by Moody's in rating these transactions. In prior rating actions, the code used to calculate interest loss due to servicing modification was applied incorrectly.

The principal methodology used in these ratings was "US RMBS Surveillance Methodology" published in November 2013. Please see the Credit Policy page on www.moodys.com for a copy of this methodology.

Factors that would lead to an upgrade or downgrade of the rating:

Ratings in the US RMBS sector remain exposed to the high level of macroeconomic uncertainty, and in particular the unemployment rate. The unemployment rate fell to 5.7% in January 2015 from 6.6% in January 2014. Moody's forecasts an unemployment central range of 5% to 6% for the 2015 year. Deviations from this central scenario could lead to rating actions in the sector.

House prices are another key driver of US RMBS performance. Moody's expects house prices to continue to rise in 2015. Lower increases than Moody's expects or decreases could lead to negative rating actions.

Finally, performance of RMBS continues to remain highly dependent on servicer procedures. Any change resulting from servicing transfers or other policy or regulatory change can impact the performance of these transactions.

A list of these actions including CUSIP identifiers may be found at:

Excel: http://www.moodys.com/viewresearchdoc.aspx?docid=PBS_SF396405

For more information please see www.moodys.com.

REGULATORY DISCLOSURES

For further specification of Moody's key rating assumptions and sensitivity analysis, see the sections Methodology Assumptions and Sensitivity to Assumptions of the disclosure form.

Moody's did not receive or take into account a third party assessment on the due diligence performed regarding the underlying assets or financial instruments related to the monitoring of these transactions in the past six months.

The analysis includes an assessment of collateral characteristics and performance to determine the expected collateral loss or a range of expected collateral losses or cash flows to the rated instruments. As a second step, Moody's estimates expected collateral losses or cash flows using a quantitative tool that takes into account credit enhancement, loss allocation and other structural features, to derive the expected loss for each rated instrument.

Moody's quantitative analysis entails an evaluation of scenarios that stress factors contributing to sensitivity of ratings and take into account the likelihood of severe collateral losses or impaired cash flows. Moody's weights the impact on the rated instruments based on its assumptions of the likelihood of the events in such scenarios occurring.

For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the rating action on the support provider and in relation to each particular rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com.

For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this rating action, and whose ratings may change as a result of this rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity.

Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.

Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.

Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating.

Ilana Fried
Associate Analyst
Structured Finance Group
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Youriy Koudinov
VP - Senior Credit Officer
Structured Finance Group
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Releasing Office:
Moody's Investors Service, Inc.
250 Greenwich Street
New York, NY 10007
U.S.A.
JOURNALISTS: 212-553-0376
SUBSCRIBERS: 212-553-1653

Moody's places on review for downgrade $2.6 Billion of Prime Jumbo and Alt-A RMBS issued from 2003 to 2008
No Related Data.
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